A ________ gives value to customers, makes the company's products different from—and better than—those of competitors, and helps in creating new products.
A) hierarchy
B) mechanistic organization
C) board of directors
D) bureaucracy
E) core capability
E) core capability
Explanation: A core capability is the knowledge, expertise, or skill that underlies a company's ability to be a leader in providing a range of goods or services. A core capability gives value to customers, makes the company's products different from—and better than—those of competitors, and helps in creating new products.
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Smith, Inc. has a pension plan with the following data available for 2018 and 2019: 20182019Service cost$30,000 $34,000 Interest cost$18,000 $20,000 Actual return on plan assets$15,000 $21,600 Beginning of year plan assets$200,000 $240,000 Discount rate 8% 8%Expected return on plan assets 8% 8%Smith's pension expense for 2019 is:
A. $32,400. B. $54,000. C. $34,800. D. $34,000.
Oxford Manufacturing Company completed jobs that cost $48,000 to produce. In the same period, the company sold jobs for $102,000 that cost $53,000 to produce.
Prepare the journal entries for the completion and sales of the jobs. All sales are on account. Omit explanation. Assume the perpetual inventory system is used.
Royer Corporation engaged in this transaction: Paid interest on note. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows
a. Financing activities section b. Schedule of noncash investing and financing transactions c. Investing activities section d. Operating activities section
A liability account is increased by a debit
Indicate whether the statement is true or false